Pentao Company Overview
Pentao offers users a marketplace based on a user's stage and endless possibilities. The NFT platform is meant to be inclusive by promoting adoption and empowering the ecosystem through innovative solutions and tools. Their main target is anyone who wishes to buy or sell NFTs in an NFT marketplace or BNB chain. One of the main goals is a platform that empowers digital culture and heritage. Pentao offers its users an inclusive marketplace that empowers content creators. These creations often include cultural, heritage, and traditional values by preserving them digitally. The central vision of the company is to safeguard valuable blockchain technology so that future generations may have access to them. pentao also wishes to create an empowering community that travels together on the journey of diversity. Pentao also offers solutions to Blockchain and training and seminars on the massive potential of NFTs. Their eventual goal is to create a multi-chain NFT marketplace. Resultantly, Pentao is a fundamental part of the NFT niche.
Problems facing pentao
The pentao NFT marketplace is facing a variety of difficulties. The first is the possibility of lawsuits against its users. When an artist sells a canvas, they are done with it. Once the artist sells an NFT, it may become their problem virtual forever, and they could go bankrupt. pentao is faced with issues caused by NFT changing the terms of transaction from a good to a service.
pentao has acknowledged the dilemma arising from selling rights to access the art. Therefore, the content creator is in-charge of dispensing this service, leading to possible lawsuits. This concept has harbored Pentao's ability to reach more creators, and they would prefer more conventional methods that reduced their risks or passed them on to others.
Our Solutions to Pentao
We could identify that Pentao wishes to protect its users from potential lawsuits that may arise from their creation of NFTs. We advised them to create NFTs based on subscription models. This would involve a long-term whereby the more important NFTs would be bought by large media companies and mega art dealers. Pentao can create a channel where these NFTs can be displayed in digital frames. Pentao has to ensure that when creators make an NFT, they are protected by a standard formal copyright license to the work connected to the NFT.
We could identify that Pentao wishes to protect its users from potential lawsuits that may arise from their creation of NFTs. We advised them to create NFTs based on subscription models. This would involve a long-term whereby the more important NFTs would be bought by large media companies and mega art dealers. Pentao can create a channel where these NFTs can be displayed in digital frames. Pentao has to ensure that when creators make an NFT, they are protected by a standard formal copyright license to the work connected to the NFT.
Technology stack used
We recommended that Pentao should adopt Truffle technologies. This is because a smart contract involving multiple royalties is a new concept they would be introducing. Truffle would provide the development and testing framework that is required. Additionally, Truffle stack would assume the firm on built-in smart contract compilation, linking, deployment, binary management, and direct interactive communication. The creator is responsible for their work and ownership, while Pentao would undertake the administrative costs.